Education of a Speculator

Monday, January 26, 2015

Position Summary RESN, MPG MOC, PLNR

From time to time it is important to take stock of existing positions. Here are my holdings not including the positions I opened today.

RESN:

Here's my star performer and I believe in everything I've been seeing in the action despite how difficult it might be to hold this on day-to-day basis. Looking at the weekly it has made it much more clear. I've bought a lot of this one.

Entry 1: 9.26

Entry 2: 9.05

Exit 1: 10.90 (partial

Entry 3: 10.40

Entry 4: 11.79

Entry 5: 10.21

MPG: A recent IPO. It's thin, but it is showing some life. I like that it has scalloped out a bottom and appears ready to push higher. A close above a new weekly high would be the sign to add to this but right now. I'm content with a trial position

Entry: 18.95

PLNR:

When pull back buys work, you look so smart... especially after a move like today. This was an easy trade in the since that it had a clear defined point where I would take the loss if I were wrong. I figured that there was a decent chance of holding the lows.

Entry 7.03

MOC:

This is the only position that I'm down in from $3.08. I was looking for a Fishhook but that faded. MOC has shown that an ability for power but the volume has now evaporated. I would add but the volume has really waned

MOC popped after catching a very large contract from the USPS. I like the theme of private security after the French terrorist attacks and the fundamental are very much aligned for a higher move...if only the volume comes in. If it drops below 2.40 I'll thrown in the towel.

This blog is for me. I'm not giving investment advice. I don't care what you do. If you take a position because I do and you have not formed your own thesis you are an idiot and you deserve to lose your money.